Q: Hello
two part question. First, If you were to choose between CM ot TD . Which one would you prefer? Is there a better bank you prefer? TD has a higher yield and has exposure to US markets
Secondly, do you think Financials will be hit further. . If so, do we stay put ?
two part question. First, If you were to choose between CM ot TD . Which one would you prefer? Is there a better bank you prefer? TD has a higher yield and has exposure to US markets
Secondly, do you think Financials will be hit further. . If so, do we stay put ?
5i Research Answer:
We would consider RY the 'safest' bank if an investor just wants one. We would prefer TD over CM today as it is bigger, cheaper, a higher yield as noted and now doing better. We would not panic on financials but would suggest a position size lower than the TSX weighting, now at 32.4%.